Opinion: BTC's current rebound has temporarily lost its direction, but a trend reversal cannot yet be confirmed.

BlockBeats news, September 30 — CryptoQuant analyst Axel Adler Jr. stated that BTC rose from approximately $76,000 to $87,000 between September 17 and 27, driving the share of supply in profit from 65% to a peak of 73.8%, before falling back to about 72% as of September 29, still below the long-term average of 76%.

Meanwhile, the fast and slow lines of its Bitcoin Impulse Performance indicator both dropped to 0 on September 29–30, while the BTC price held at around $83,000. Adler noted that momentum falling to zero means this rebound has temporarily lost directionality, but a trend reversal cannot yet be confirmed; if the indicator falls further into negative territory while the share of profitable supply declines again, the market weakening signal will strengthen markedly.